16 Franklin Street # 1501, Salem MA 01970

Salem, MA 01970

$1,250,000

Est. $7,263/month

3

Beds

2

Baths

1,574

Sq Ft

$794

Price/Sq Ft

2026

Year Built

Condominium

Type

3 hours 50 minutes

Time on Market

Active Listed May 13, 2026 • MLS# 73517640 Copied!

About this home

Waterfront elegance meets modern convenience at RIVERWALK, a boutique condominium community offering sophisticated single-level living just moments from the restaurants, boutiques, and historic charm of downtown Salem, with train to Boston. This exceptional new construction 3-bedroom, 2-bath home features a bright open design with soaring ceilings, oversized windows, and beautiful river views throughout. The gourmet kitchen is crafted with Bosch stainless steel appliances, quartz countertops and backsplash, custom cabinetry, and expansive living and dining areas accented by European oak hardwood flooring. The luxurious primary suite includes a walk-in closet and spa-quality bath with heated floors, double vanity, glass-enclosed shower, and smart bidet. Step onto the private balcony to enjoy peaceful water views and coastal breezes. Residents enjoy premium amenities including heated garage parking, elevator access, fitness center, Clubroom Lounge,& riverside outdoor entertaining spaces.

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Property Overview

Property Type

Condominium

Listing Type

For Sale

Year Built

2026

Bedrooms

3

Full Bathrooms

2

Living Area

1,574 sq ft

Total Rooms

6

Stories

1

Entry Level

5

Facts & Features

1 Car Garage

New Construction

Home Facts

Type Residential

Style Condominium

Year Built 2026

Living Area 1,574 sq ft

Bedrooms 3

Full Baths 2

Total Rooms 6

Interior

Heating Central, Heat Pump, Electric

Cooling Heat Pump

Flooring Wood, Tile

Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer

Fireplace None

Basement N

Laundry First Floor, In Unit

Features Elevator

Exterior

Construction Frame

Architecture None

Roof Rubber

Features Deck

Pool None

Spa None

Fencing None

Patio/Porch Deck

Parking

Garage Spaces 1

Has Garage Yes

Features Attached, Garage Door Opener, Heated Garage, Deeded

Total Spaces 1

Utilities

Electric Circuit Breakers

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

Annual Tax 0.00

Assessed Value 0.00

Interior Features

Flooring: Wood, Tile

Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer

Interior Features: Elevator

Windows: Insulated Windows

Basement: N

Laundry: First Floor, In Unit

Security: Intercom, TV Monitor

Construction & Materials

Year Built: 2026

Structure Type: Garden

Exterior Materials: Frame

Roof: Rubber

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Central, Heat Pump, Electric

Heating Zones: 4

Cooling: Heat Pump

Cooling Zones: 4

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Deck

Patio & Porch: Deck

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Garage Spaces: 1

Garage Type: Attached

Total Parking Spaces: 1

Parking Features: Attached, Garage Door Opener, Heated Garage, Deeded

Special Features

Waterfront: Yes

Waterfront Type: Waterfront, Ocean, Sound, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)

Community Amenities: Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Highway Access, Public School, T-Station

Location

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Neighborhood

16 Franklin Street # 1501, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

E

Elementary Schools

3 schools

B-

Carlton School

0.5 mi | #468 of 824 | Score: 45.6

Dropped 47 spots from last year

-12.6 below state avg

247 students Diverse

Grades K-05

B+

Bates School

0.7 mi | #325 of 824 | Score: 50.0

Improved 254 spots from last year

-8.2 below state avg

410 students Diverse

Rising School Diverse Student Body

Grades PK-05

The Phoenix School

0.7 mi

Grades PK-08

M

Middle Schools

1 school

C+

Collins Middle School

0.9 mi | #219 of 352 | Score: 39.5

Improved 60 spots from last year

-18.7 below state avg

611 students Diverse

Rising School Diverse Student Body

Grades 06-08

H

High Schools

3 schools

B+

Salem Academy Charter School

0.9 mi | #139 of 346 | Score: 56.7

Improved 97 spots from last year

-1.5 below state avg

480 students Diverse

10 sports • 568 athletes

High Graduation Rate Rising School College Ready Curriculum

Grades 06-12

Bishop Fenwick High School

1.3 mi

17 sports • 1,390 athletes

Strong Athletics

Grades 09-12

B

Salem High School

1.6 mi | #144 of 346 | Score: 56.1

Dropped 24 spots from last year

-2.1 below state avg

952 students Diverse

18 sports • 1,080 athletes

Early College Program Career Tech Programs College Ready Curriculum Strong Athletics

Grades 09-12

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Property Tax $0

Homeowners Insurance $200

HOA Fee $742/mo

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Payment Over Time

Interest

Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

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Property History

Property Timeline

🏠

Listed for Sale

May 13, 2026

$1,250,000

Original listing

Agent: Merry Fox Team Office: MerryFox Realty

Date	Event	Price	Change	$/sqft	Details
05/13/2026	🏠 Listed for Sale	$1,250,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
May 13, 2026	New Listing Added	$1,250,000	—

Market Statistics

Time on Market

3 hours 50 minutes

Price per Sq Ft

$794

Tax History

Year	Taxes	Assessment
2025	$0	$0

Financial Details

Annual Property Tax

$0

Tax Year 2025

HOA Fee

$742

Monthly

Assessed Value

$0

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16 Franklin Street # 1501, Salem MA 01970

About this home

Property Overview

Facts & Features

Home Facts

Interior

Exterior

Parking

Utilities

Financial

Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Special Features

Location

Neighborhood

Walkability

Nearby Schools

Elementary Schools

Middle Schools

High Schools

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Listed for Sale

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